Question: Considering the same situation as previous question - Given the following inventory system: average weekly demand is 1000 units with a WEEKLY standard deviation of

Considering the same situation as previous question - Given the following inventory system: average weekly demand is 1000 units with a WEEKLY standard deviation of 100 units, review period is 4 weeks, lead time is 2 weeks and the target service probability is 90%. TAKE EVERYTHING IN WEEKS. of inventory on hand is 50 units, how many units should be ordered? TABLE A.2 Cumulative normal distribution (continued) O 2 0.09 0.07 0.04 0.06 0.08 0.01 0.05 0.02 0.03 0.00 N .5199 5596 .5120 .5517 5910 .6293 .6664 15040 .5438 .5832 .6217 .6591 5987 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 5000 .5398 5793 .6179 .6554 .6915 .7257 7580 .7881 .8159 .8413 5080 .5478 .5871 6255 .6628 .6985 .7324 .7642 .7939 .8212 .8461 5160 .5557 .5948 .6331 .6700 .7054 .7389 .7704 .7995 .8264 .8508 .6950 .7291 .7611 .7910 .8186 .8438 5239 5636 .6026 .6406 .6772 .7123 .7454 .7764 .8051 .8315 .8554 5279 5675 .6064 .6443 .6808 .7157 .7486 .7794 .8078 .8340 .8577 .6368 .6736 .7088 .7422 .7734 .8023 .8289 .8531 .7019 .7357 .7673 .7967 .8238 .8485 .5319 .5359 .5714 .5753 .6103 6141 .6480 .6517 .68446879 .7190 7224 .7517 .7549 .7823 .7852 .8106 .8133 .8365 .8389 8599 8621 1.0 3049 6059 o 6000 06254 5214 66 9999 9999 9999 6666 $466 6666 8666 OS 3666 L665 9665 9998 997 9995 LMS 666 5665 2665 966 6665 6665 $666 SCOS LES 9665 P65 165 toos 9997 9995 9924 999 9995 99 9992 9989 .9918 6665 $666 1666 5666 666 1666 1366 EN66 ST VE CE TE IT ot 67 87 1666 .9981 0666 9865 1865 9955 9979 9972 .998 9994 .9933 Syno NE LES .9972 .9958 9974 9964 .9911 9951 0X6 9106 6166 9919 99% 911 .9922 9898 1666 5066 1866 9666 9165 O.RS LANG LINS LAS 2005 6096 9866 C165 1366 1906 1566 666 (166 215 156 TENS 1946 6696 S096 FCS6 16 EDIG DOCG $16 8096 6606 1866 CNA T66 1066 12S PONG BRUS ZEUS 20 3696 CVG 6 UF ELS 9664 TER 1616 6666 $665 1666 666 1666 L666 665 5666 F06 1666 666 C666 1666 6666 0666 2866 2866 2866 2866 2866 1866 $46 166 KG 966 $566 6566 OTCG 8066 OLOG 8166 9566 8216 1956 1986 0086 9016 1036 CRU5 RUS ZLUS RUS CIUS 9956 1996 1456 DECE DI TSV TCC6 205 2616 60S t606 6995 e 598 09 .800 CIN 9818 6518 018 IRRC ONSC ISEC S169 SSY SSTY GIT (285 TERS (625 8665 ONGS Ore ODOS zone 100 000 0766 1166 1535 OSN6 3046 9116 696 9696 FUSE 8110 Ute 2016 OS 0615 2295 OPOS 1.7 0086 0516 9896 BOSS S16 2016 6CTE 1616 2208 9719 9619 9564 9163 9345 9200 9305 9545 9441 TRE 9236 SC2 91 SI VI EL TL L'S KOLO 2916 2005 9251 .9099 .3825 .5920 SS8 8888 2416 S1C6 OSS I 68 CEIS ESIC 166 $906 SITE 1166 6PCS ICSS ERCS 1000 LE 27. 666 Sacs SHS 1908 8075 56662956 MOLC 68CC $$$ SICS 1905 YLE SPC ZIC $106 60 TO CO 8098 5461 8212 7939 -7642 .7324 6985 6629 7486 7673 3337 9054 2019 6664 6900 DEC 7190 216 2616 97898089 0009 (wy 019 1907 MIS $295 6165 25 7611 .7291 6950 659) 6217 TORR 6736 6922 6405 6358 6026 3961 56% 5595 3299 6817 6141 5753 5999 SO VO CO ity 1609 $765 USSS 5910 5519 5120 3423 3438 0.1 0.0 6616 $150 0.04 2 0.00 0.07 0.06 soro 0.03 0 1 TABLE A 2 Cumulative normal diebution continued

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Given the following inventory system: average weekly demand is 1000 units with a standard deviation of weekly demand of 100 units, review period is 4 weeks, lead time is 1 week, and the target...

Question 2 3 pts Given the following inventory system: average weekly demand is 1000 units with a standard deviation of weekly demand of 100 units, review period is 4 weeks, lead time is 1 week and...

Question 3 0.75 pts Given the following inventory system: average weekly demand is 1000 units with a WEEKLY standard deviation of 100 units, review period is 4 weeks, lead time is 2 weeks and the...

U Question 3 0.75 pts Given the following inventory system: average weekly demand is 1000 units with a WEEKLY standard deviation of 100 units, review period is 4 weeks, lead time is 2 weeks and the...

Given the following inventory system: average weekly demand is 1000 units with a WEEKLY standard deviation of 100 units, review period is 4 weeks, lead time is 2 weeks and the target service...

given the following inventory system: average weekly demand is 1 0 0 0 units with a standard deviation of 8 5 units, the review period is 5 weeks and lead time is 5 weeks and the lead time 2 weeks...

Inventory Problem Set. Please answer the following Assignment: You must show your work! 1 . In a single - period Newsvendor model, if the demand is normally distributed with a mean of 8 0 and a...

Answer the questions below. Given the following inventory system: average weekly (7 days a week) demand is 1000 units with a standard deviation of 100 units, order interval is 14 days, lead time is 7...

1. In a single-period Newsvendor model, if the demand is normally distributed with a mean of 80 and a standard deviation of 10 , and the optimal service level is 90%, what is the optimal order...

1. Given the following inventory system: average weekly (7 days a week) demand is 1000 units with a standard deviation of 100 units, review period is 28 days ( 4 weeks), lead time is 14 days ( 2...

Consider three businesses, all of which offer price reductions to their customers. The first is an independently owned gas station located at a busy intersection in Cincinnati, Ohio, that offers a 3...

(a) What are the three major sources of internal pressure for organizational change? (b) In your opinion, which of these three is most difficult to handle? (c) Why?

It made need free use of property to charitable organization and dump. The value and itemize deduction is true or false.

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...